South Korea’s transport ministry stated it would lodge a complaint against German luxury automaker BMW with prosecutors for supposedly delaying recalls and concealing problems that resulted in several engine fires in the country this year. The ministry also fined BMW 11.2 billion won ($9.96 million) for “delayed recalls”. A faulty exhaust treatment system in BMW […]
Press Releases
Hyundai observes Russia auto market growth slowing in next year
South Korea-based automaker Hyundai Motor expects growth in the Russian auto market to reduce significantly in 2019, the head of its Russian branch said on Monday. Automakers have warned Russia’s strategy to raise value added tax in next year would hit vehicle sales, which have recently just started to recover from four years of stagnation. […]
Volkswagen to write off investment in Gett
German automaker Volkswagen is going to write off its investment in Gett after the Israel-based ride hailing app failed to achieve ground on bigger competitors Uber, Lyft and Didi, weekly Der Spiegel reported on Friday. Volkswagen spent $300 million in Gett in 2016, saying it intended for on-demand mobility services such as smartphone ride hailing […]
Russian automaker GAZ works to remove sanctions
Oleg Deripaska’s team, that secured the lifting of U.S. sanctions on the Russian tycoon’s aluminum and energy businesses, is also collaborating to get them removed from his automaker GAZ, five sources close to the talks stated. On Thursday, the U.S. Treasury increased a deadline for investors to divest from GAZ to March 7 and granted […]
Tokyo court declines prosecutors’ appeal against decision not to extend Ghosn’s detention
A Tokyo court upheld a decision that refused to extend the detention of former Nissan Motor Chairman Carlos Ghosn and former Representative Director Greg Kelly, public broadcaster NHK stated on Thursday, a move that brings them nearer to a release on bail. The court turned prosecutors’ appeal against the original decision. Ghosn and Kelly were […]
Nissan CEO meets Renault’s acting boss
Nissan Motor on Thursday stated CEO Hiroto Saikawa had held a one-on-one meeting with the acting boss of its partner Renault during talks between the alliance that took place in Amsterdam this week. Nissan stated that Saikawa characterized the discussion with Renault Deputy CEO Thierry Bollore as “positive” and “productive”. The Japanese automaker was ready […]
U.S. Congress will not vote for self-driving car bill this year
The U.S. Congress will not vote on a bill to speed the introduction of self-driving cars before it adjourns for the year, a blow to companies like General Motors Co and Alphabet Inc’s Waymo unit, key senators said on Wednesday. Congress is also not going to take up a proposal pushed by General Motors and […]
General Motors cutting 50 jobs at U.S. battery plant
General Motors stated on Tuesday it prepares to slash 50 jobs at a suburban Detroit lithium-ion battery assembly plant after the automaker announced previous month it will end production of its plug-in hybrid Chevrolet Volt in next year. In a filing with the state of Michigan, GM revealed it will remove 37 hourly jobs and 13 […]
Volkswagen may have to step up electric car strategies to meet EU CO2 targets
Volkswagen may have to step up its strategies for mass production of electric vehicles in order to satisfy tougher-than-expected European targets to slash greenhouse emissions from vehicles, its chief executive stated on Tuesday. The remarks came following the European Union agreed to curb CO2 emissions from vehicles by 37.5 percent by 2030, and follow warnings […]
Canadian ‘thief’ steals car before but returns it with full tank of petrol
When a car is stolen, the owner is obviously unhappy with what happened. In some unusual cases, the car may be discovered but it will certainly have some wear and tear. The owners who get their car back in its original state are extremely rare. But recently, when a Canadian woman’s car was stolen she […]
Baden-Wuerttemberg plans to sue Volkswagen over diesel scandal
The German state of Baden-Wuerttemberg plans to take legal action against Volkswagen over the automaker’s cheating of emissions tests, newspaper Frankfurter Allgemeine Zeitung (FAZ) noted on Monday. The federal state’s bodies, consisting of police forces, bought Volkswagen vehicles that were geared up with a device to rig diesel emissions tests and the paper quoted a […]
China to suspend added tariffs on U.S.-made cars
China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies. The Ministry of Finance, in a statement on its website, also stated it hopes China and the United […]
Ghosn’s daughter takes documents, cash from Rio apartment
The daughter of ousted Nissan chairman Carlos Ghosn early on Friday took documents and cash from a corporate apartment in Rio de Janeiro, capping a legal battle over the objects, which the automaker maintains may have evidence of wrongdoing. The midnight visit by Ghosn’s daughter Caroline, accompanied by two court officers and multiple Nissan lawyers, […]
Nissan Motor files claim against Ghosn’s sister in Brazil court
Nissan Motor has filed a court claim against sister of Carlos Ghosn that references alleged “unjust enrichment”, escalating a fight being waged in Brazilian courts between the automaker and its former chairman. A court docket dated December 11 that was read by Reuters showed the Japanese automaker submitted a claim against Claudine Bichara de Oliveira. […]
Brazil judge allows Ghosn access to Rio apartment
A Brazilian appellate judge on Thursday granted former Nissan Chairman Carlos Ghosn access to a Rio de Janeiro apartment, whose contents have seen an intense legal battle in regional courts. The court decision stated Ghosn or his representatives have 24 hours to retrieve personal belongings. Nissan has protested this because the automaker states they may […]
